Bahamas News

Hurricane Ike Threatens Bahamas; Hanna Death Toll Grows

Powerful Hurricane Ike weakened slightly as it moved across the Atlantic toward the Bahamas and the U.S. on Thursday, while Tropical Storm Hanna’s death toll from floods in Haiti grew to 136. Campgrounds were closed and some evacuations began on …

Hanna Heading for U.S. – Ike Now a Category 4 Hurricane

Tropical storm Hanna is on the verge of regaining hurricane strength, as it slowly approaches the U.S. mainland. The latest update from Miami’s National Hurricane Center indicates that “maximum sustained winds have increased to near 70 mph (110 km/hr) with …

Hurricane Ike Strengthens Rapidly; Hanna Expected to Hit U.S. Saturday

Hurricane Ike strengthened rapidly into a fiercely dangerous Category 4 hurricane in the open Atlantic Wednesday and Tropical Storm Hanna intensified to a lesser degree as it swirled over the Bahamas toward the southeast U.S. Coast. Ike posed no immediate …

AIR Analyzes Atlantic Hurricane Activity

According to catastrophe risk modeling firm AIR Worldwide, storm development in the tropical Atlantic was even more active on Tuesday than it was on Monday. AIR noted that “shortly after Gustav came ashore in Louisiana, Hanna began battering the southeastern …

Estimate of Insured Losses from Gustav Between $2 and $4.5 Billion

One risk modeling firm estimates that insured losses to onshore properties in the U.S. are between $2 billion and $4.5 billion, with an expected loss of $3 billion due to Hurricane Gustav. According to AIR Worldwide Corporation these loss estimates …

Hanna and Her Siblings Roil the Atlantic

Although Gustav is slowly blowing itself out over Oklahoma, Miami’s National Hurricane Center still has a lot of work to do. Its currently tracking a hurricane, a tropical storm, a tropical depression and two disturbances, lined up across the Atlantic …

As Gustav Winds Down, New Orleans Eyes Damage

A still-largely deserted New Orleans Tuesday prepared to take stock of damage from Hurricane Gustav after rebuilt levees appeared to hold off a repeat of the flooding caused by Katrina three years earlier. Gustav roared through the heart of the …

Goodbye Gustav…Hello Hanna, Ike and Josephine

The good news is that Hurricane Gustav has been downgraded to a Tropical Depression as it moves slowly across northwest Louisiana. The bad news is that Tropical Storms Hanna, Ike and Josephine are gaining speed, according to the National Hurricane …

Hanna Becomes Hurricane Then Stalls; Heads for Georgia, South Carolina

According to catastrophe risk modeling firm AIR Worldwide, storm development in the tropical Atlantic was even more active on Tuesday than it was on Monday. Shortly after Gustav came ashore in Louisiana on Monday, Hanna began battering the southeastern Bahamas …

Ratings: MAPFRE RE, Novae, Syndicate 2007, Infrassure, Glacier Re, CLICO

A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A. with a stable outlook. “The ratings reflect MAPFRE RE’s integral role within …